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Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair

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Charging sales tax on online purchases made at out-of-state businesses has therefore become a tempting target for states seeking to maintain strong financial bases and to level the playing field between in-state sellers and remote online retailers. Such a levy was not legal until last year’s South Dakota v.

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Can South Dakota Move The Needle On A Federal Online Sales Tax?

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This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. And South Dakota, for one, has had enough.

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South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue

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It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. The group’s suit claims the South Dakota law violates the U.S.

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Report: The Risky Business Of Navigating Online Sales Tax For Merchants

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consumers are expected to be shopping online by 2021. Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. New online sales taxes aren’t just the dominion of the U.S.

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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges

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Over in Deadwood, South Dakota, 13 of the 21 casinos in have opened again. And while gamers flock to the casinos in some states, in others they are swarming online gambling sites. New Jersey’s large wager on online gambling has reportedly paid off, with revenues reaching a record high of $80 million last month.

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How Online Sales Tax Impacts Different eCommerce Models

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Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. That all changed last year with the Wayfair vs. South Dakota ruling that sought to level the playing field for brick-and-mortar stores. consumers are expected to be shopping online by 2021. Online Sales Tax and SMBs.

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

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CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. Many members first engage with their CU through its website or other online portal. Add it all up, and that can be a lot to handle.